Gold rose today to near its highest level in two weeks at $1230 an ounce, as the yellow metal gained strength from disparity of Asian stocks this morning. Selling on Chinese equities has increased as concerns over the trade tension between China and US.
As well as fears of a slowdown in China's economic growth and it may be effect on the global economy as a whole. Markets are eyeing US President Donald Trump's meeting with his Chinese counterpart Xi at the G20 meeting this month.
Gold demand for safe haven is also on the rise as risk aversion continues as markets remain worry of the Federal Reserve's interest rate hike amid growing concerns about a possible global slowdown. The US dollar index, which measures the value of the currency against six major currencies, is trading near the 96.50 level.
